The province is on track to run its ninth consecutive multi-billion dollar budget deficit.
ontario government spending
Since 2007, Ontario has seen its net debt approximately double, from $157 billion to $308 billion.
Ontario will acquire approximately $50 billion in new debt between now and 2020/21.
Ontario has seen its net debt increase by $126.5 billion since 2008/09.
In 2012/13, Ontario spent $25 billion on education—a 50 per cent increase in only one decade.
Almost $25 billion was spent on Ontario public school education in 2012/13, $8.3 billion more than a decade earlier.
This year’s operating deficit will be “only” $5.7 billion in 2015/16, down from the $8.5 billion projected in last April’s budget.